Matson reports 3rd quarter income at $19M

Nov. 9, 2012

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Strong shipping volume on its Guam route helped Matson Inc. post a net income of $19.1 million for the third quarter.

"We saw continued rate and volume strength in our expedited service from China, continued strong Guam volume and modest volume improvement in our Hawaii trade," said Matt Cox, Matson's president and chief executive officer.

"These gains, while encouraging, were largely offset by increased expenses primarily associated with vessel and barge dry-docking during the quarter," he added. ...